Announced
Financials
Sources
Tags
renewable energy
Renewable Energy Equipment
Cross Border
Minority
Single Bidder
Friendly
Pending
Philippines
Private Equity
Acquisition
Private
Synopsis
Sovereign wealth fund GIC agreed to acquire a 17% stake in AC Energy Philippines, the energy platform of Ayala, one of the largest business groups in the Philippines, for $412m. The investment will be implemented through a subscription for 4bn primary shares via a private placement, AC Energy said.
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